Which of the Following Is Not a Reason for the Existence

question 92

Multiple Choice

Which of the following is not a reason for the existence of a monopoly?

• A)patents
• B)marginal-cost pricing
• C)economies of scale
• D)trademarks

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Definitions:

Department of Justice

A federal executive department of the U.S. government responsible for the enforcement of the law and administration of justice.

Basic Freedoms

Basic freedoms are fundamental rights or liberties considered essential for human dignity and social development, often protected by law, including freedom of speech, religion, press, assembly, and petition.

Major Recession

Refers to a significant period of economic decline across a country or the world, marked by high unemployment rates, falling stock markets, and reduced industrial production.

Global Meltdown

A severe and widespread economic downturn or crisis affecting multiple countries and economies around the world.